Peek v. Clear Sky Financial, LLC

CourtDistrict Court, District of Columbia
DecidedDecember 2, 2024
DocketCivil Action No. 2024-3125
StatusPublished

This text of Peek v. Clear Sky Financial, LLC (Peek v. Clear Sky Financial, LLC) is published on Counsel Stack Legal Research, covering District Court, District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Peek v. Clear Sky Financial, LLC, (D.D.C. 2024).

Opinion

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA

CHRISTOPHER EARL PEEK, : : Plaintiff, : Civil Action No.: 24-3125 (RC) : v. : Re Document No.: 2 : CLEAR SKY FINANCIAL, LLC, : : Defendant. :

MEMORANDUM OPINION

DENYING PLAINTIFF’S MOTION FOR TEMPORARY RESTRAINING ORDER

I. INTRODUCTION

Plaintiff Christopher Earl Peek sued Defendant Clear Sky Financial, LLC ahead of a

pending non-judicial foreclosure sale of a property owned by Peek, LLC. Plaintiff, 1 proceeding

pro se, alleges various violations of federal and local consumer protection laws, as well as the

District of Columbia Tenants Opportunity to Purchase Act. Plaintiff moves for a temporary

restraining order barring Clear Sky from moving forward with foreclosure on the property. The

Court concludes that Plaintiff does not show any likelihood of success on the merits because

Peek, LLC is the proper party to bring nearly all of these claims. In addition, the relevant local

and federal consumer protection statutes appear to lack application here. Plaintiff’s motion must

therefore be denied. 2

1 The Court refers to Mr. Peek as “Plaintiff” to avoid confusion with the LLC. 2 In addition to opposing Plaintiff’s motion for injunctive relief, Clear Sky has moved to dismiss the Complaint. See Def.’s Opp’n to Mot. for TRO and Mot. Dismiss at 10–12, ECF No. 5. As Plaintiff’s deadline to respond to the motion to dismiss has not yet passed, see Fox/Neal Order, ECF No. 7, the Court addresses here only Plaintiff’s motion for emergency injunctive relief. The Court may return to Clear Sky’s arguments under Federal Rules of Civil Procedure 8 and 9 when the motion to dismiss becomes ripe. II. FACTUAL BACKGROUND

Plaintiff purchased a residential property in the District of Columbia, executing a deed of

trust securing repayment of a $412,887 promissory note in 2009. Ex. E to Compl., ECF No. 1;

Ex. A to Def.’s Opp’n to Mot. for TRO and Mot. Dismiss (“Def.’s Opp’n”), ECF No. 5. In

October 2017, Plaintiff created Peek, LLC, under the laws of Delaware. Ex. R to Def.’s Opp’n.

According to its website, Peek, LLC is a certified public accountant (“CPA”) firm. Ex. 10 to

Def.’s Supp. Mem., ECF No. 9-10. The website additionally states that Plaintiff is a CPA and

former banker who “has financed over 200 companies in his career” and served as a “Senior

Policy Advisor at the U.S. Treasury,” among other accomplishments. Ex. 8 to Def.’s Supp.

Mem., ECF No. 9-8. Plaintiff appears to be the sole member of Peek, LLC. See Ex. R to Def.’s

Opp’n; Compl. ¶¶ 26–27.

Plaintiff states that he defaulted on the 2009 loan, and that the bank began foreclosure

proceedings. See Pl.’s Reply at 24. Plaintiff then sold the property to Peek, LLC for $615,000

via special warranty deed on November 21, 2018, paying $17,866.50 in taxes and fees. Ex. B to

Def.’s Opp’n. On the same day, Peek, LLC executed a commercial deed of trust securing a

promissory note for a $125,000 commercial loan from Clear Sky. Ex. C to Def.’s Opp’n (“Deed

of Trust”); Ex. D to Def.’s Opp’n (“Promissory Note”). The deed of trust lists Peek, LLC as the

grantor and Clear Sky as the beneficiary. See Deed of Trust at 1. Plaintiff signed both

documents for Peek, LLC in his capacity as Chief Executive Member of the company. See Deed

of Trust at 10; Promissory Note at 4. The loan carried a 12-month term, with a maturity date of

November 30, 2019. See Promissory Note at 1.

A member of Clear Sky Financial, LLC, testified at a hearing before the Court that the

company commonly issues short-term, secured loans for the renovation and marketing of

2 residential properties. When Plaintiff approached Clear Sky for a loan in October 2018, a Clear

Sky employee asked him whether the residence was “an investment property or a personal

residence,” as the company did not accept personal guarantees. Pl.’s Expedited Reply to Def.’s

Supp. Mem. at 29. 3 Plaintiff responded that he lived in Atlanta and supplied his address there,

adding that he planned to repay the loan through CPA services, “contract and settlement fees for

a large financing” expected to close soon, or “[s]ale of the home.” Id. Plaintiff additionally

signed a borrower affidavit—in his capacity as Chief Executive Member of Peek, LLC—that the

loan had a “commercial purpose” and that the loan “will be used for a project that is solely

business, commercial, or investment related . . . and expressly not for personal, family, or

household purposes.” Ex. E to Def.’s Opp’n at 1. The affidavit states that the loan was intended

for “financing and/or rehab of investment property” and that the “proceeds [are] for

investment/business purposes only.” Id.

Emails between Plaintiff and Clear Sky demonstrate that Peek, LLC encountered

difficulties paying back the commercial loan. 4 See Ex. F to Def.’s Opp’n; Ex. G to Def.’s

Opp’n. Peek, LLC sought relief through the District of Columbia’s Homeowner Assistance

Fund. 5 See Exs. H–N to Def.’s Opp’n. On March 22, 2023, Clear Sky and Peek, LLC agreed to

a modification of the promissory note, extending the maturity date to March 31, 2024. See Ex.

3 The Court does not expect this filing to be docketed until tomorrow due to its late submission. 4 Plaintiff alleges that he “made and continues to make timely payments on the loan per the loan terms.” Compl. at 3; see also Pl.’s Mot. to Stay Foreclosure Proceedings and Temporary Restraining Order (“Pl.’s Mot.”) ¶ 1, ECF No. 2 (“The plaintiff is not in breach of the loan.”). These assertions are not credible given the record presently before the Court. The record indicates that the loan came due on March 31, 2024, see Ex. L. to Def.’s Opp’n., and there is no indication that Plaintiff has paid off the loan’s principal of $125,000. 5 Clear Sky presumably did not foreclose on the property during this time due to a moratorium on foreclosures during the COVID-19 pandemic. See D.C. Code § 42-851.01.

3 L. to Def.’s Opp’n. That modification indicated that the principal balance of $125,000 remained

unpaid, and that the total balance stood at approximately $168,000. Id. Peek, LLC made regular

installment payments on the loan’s interest. See Ex. D. to Compl. (Payment Records);

Promissory Note at 1 (providing monthly payments of $1,250, applied to “interest only”). As of

early 2024, Peek, LLC was several payments behind on the commercial loan. See Ex. O to

Def.’s Opp’n. Clear Sky sent Peek, LLC a notice of default on August 30, 2024, after the loan’s

extended maturity date had passed. Ex. P to Def.’s Opp’n. A notice of foreclosure sent on

October 21, 2024, indicated that a non-judicial foreclosure would occur on December 5, 2024.

Ex. A to Compl.; Ex. Q to Def.’s Opp’n.

Plaintiff filed this lawsuit on November 4, 2024, asserting that Clear Sky violated a litany

of federal and local laws regulating both extension of credit and foreclosure. See generally

Compl. These include the Equal Credit Opportunity Act (“ECOA”), the Truth in Lending Act

(“TILA”), the D.C. Tenants Opportunity Purchase Act (“TOPA”), the Fair Debt Collection

Practices Act (“FDCPA”), and Real Estate Practices Act (“RESPA”). See id. Plaintiff

additionally claims that Clear Sky is not registered with the Nationwide Multi-State Licensing

System (“NMLS”) or licensed under D.C. law to act as a mortgage lender.

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